Not Recommended: Trying To Boost A Company's Stock By Bombing Investment Banks

from the this-stock-is-ready-to-explode! dept

Investors do all sorts of odd things in trying to get the stocks they like to go up, rather than down. However, there's a limit -- and apparently one guy went way past that limit in trying to boost the stock of networking firm 3com. He sent bomb threats to 17 different investment firms, demanding that they boost the stock. Apparently, he actually did send two bombs, though it doesn't sound like they exploded. Either way, if you suddenly feel that you need to send bombs (or even just threats) to investment banks to make your investments rise, perhaps you should consider different investment opportunities.
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Filed Under: fraud, investors, stock, threats
Companies: 3com


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  • identicon
    RandomThoughts, 20 Sep 2007 @ 9:53am

    Probably done by a hedge fund guy. Those guys will do anything.

    link to this | view in chronology ]

  • identicon
    Mscsrrr.com, 20 Sep 2007 @ 12:29pm

    Trying To Boost A Company's Stock

    If this is not too dumb, it would be too laughable. That guy must be a first class lunatic

    link to this | view in chronology ]

  • identicon
    GoblinJuice, 20 Sep 2007 @ 7:20pm

    What an idiot.

    link to this | view in chronology ]

  • identicon
    nonuser, 20 Sep 2007 @ 7:56pm

    sounds pretty desperate

    I'm guessing this guy's Plan A was to sue the makers of the film "I, Robot" for hundreds of millions over the US Robotics trademark, but then he found out that 3Com spun it off to a private capital firm.

    link to this | view in chronology ]


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